Benzinga | Dec 28, 2021 01:28PM EST

Looking At DocuSign's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on DocuSign.

Looking at options history for DocuSign (NASDAQ:DOCU) we detected 16 strange trades.

If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $1,141,670 and 4, calls, for a total amount of $218,915.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $100.0 to $350.0 for DocuSign over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for DocuSign's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of DocuSign's whale activity within a strike price range from $100.0 to $350.0 in the last 30 days.

DocuSign Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestDOCU PUT TRADE NEUTRAL 01/21/ $150.00 $575.0K 2.9K 1.0K 22DOCU CALL SWEEP NEUTRAL 01/20/ $200.00 $127.2K 1.6K 121 23DOCU PUT TRADE NEUTRAL 01/14/ $215.00 $121.3K 7 20 22DOCU PUT TRADE BEARISH 01/20/ $350.00 $78.6K 40 4 23DOCU PUT SWEEP BEARISH 12/31/ $155.00 $65.0K 737 711 21

Where Is DocuSign Standing Right Now?

* With a volume of 1,503,228, the price of DOCU is down -1.98% at $153.43.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 72 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.